(Il Sole 24 Ore Radiocor) – European stock markets are taking a breather after the latest retracement sessions, with the framework agreement announced by the American president Donald Trump on the Greenland with NATO and cancellation of threatened duties against the European countries that had sided with Denmark. In a more relaxed general climate, with gold cooling the trend, it also moves into positive territory Wall Streetwhile the dollar remains weak. The most exposed stocks rose, first and foremost automotive and technological (also driven by the optimistic words of Nvidia CEO Jensen Huang, who spoke of AI as the «engine of the greatest infrastructural expansion in the history of humanity»), while the defense.
Trump, speaking from Davos, where the World Economic Forum continues, first said he did not want to use force, then announced a framework agreement with NATO and the cancellation of the duties threatened against the European countries that had sent soldiers to the island. Even if the Secretary General of NATO, Mark Ruttesaid that there is still a lot of work to be done for a possible agreement, the markets have nevertheless appreciated the easing signals.
Wall Street also rises with a thaw in Greenland
The US stock market also moves up, after President Donald Trump ruled out the use of force to obtain Greenland and after, on the macro front, thePCE inflation (personal consumption expenditures price index), the measure preferred by Federal Reserve to calculate inflation, it grew in November by 0.2% compared to the previous month, in line with expectations. Compared to a year earlier, it grew by 2.8%, also in this case in line with expectations and with the previous month. Still on the macro front, the Third quarter GDP in second reading it was revised upwards to +4.4% from +4.3%, while the weekly requests for unemployment benefits there are 200 thousand, a thousand more than the previous one.
On the stock market, the title of Procter & Gamble loses ground after fiscal second-quarter revenues missed expectations; the profit, however, was higher than consensus. Intelwhich rose to the highest levels in the last three years, is still rising in view of the publication of the quarterly report, scheduled after the markets close.
Prysmian and Buzzi are in the lead in Milan. Well St
In Piazza Affari, Buzzi Unicem and Prysmian are in the lead, heavily penalized in recent sessions, while managed savings are strengthening with Azimut and Banca Mediolanum well bought. Solid rise also for Stmicroelectronics, while Leonardo – Finmeccanica and Fincantieri slip to the rear. Banks also increased with Banca Mps and Mediobanca among the best. Stellantis is positive but below its highs, supported by the fact that BNP Paribas has raised its target to 9.10 euros, from the previous 7.80 euros. While risk appetite returns among investors, defensive stocks such as utilities, with Italgas, Snam Rete Gas and Terna, are performing sluggishly. A2a and Hera do better, following the new industrial plan to 2029 which provides for overall investments of 5.5 billion euros and growth in profits and dividends.
